Fannie Mae-No Politics (FNMA)

[HappyAlways]

If all NWS related action are reverted, there can be 2 results only.

One is to return all NWS payments with interest (at 10%) to the GSEs. The NWS payments, deducting the 10% interest, will be about $300B.

Or, the NWS payments are used to settle the PSPA loans. UST will need to refund $48B (?) overpayments. With no outstanding loan, there is no such thing as Liquidity Preference or free warrants. IMO.